1. A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?
A. Rs.12
B. Rs.18
C. Rs.15
D. Rs.21
Answer : Option C
Explanation :
Face value of each share = Rs.20
Dividend per share = 9% of 20 =
He needs to have an interest of 12% on his money
ie, Money Paid for a share
Money Paid for a share =
ie, Market Value of the share = Rs.15
2. A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128. What is the dividend from the stock?
A. None of these
B. 9.7%
C. 7.5%
D. 8%
Answer : Option D
Explanation :
By investing Rs.1552, income = Rs.128
By investing Rs.97, income =
ie, dividend = 8%
3. The cost price of a Rs. 100 stock at 4 discount, when brokerage is is
A. Rs. 96.25
B. Rs. 96.2
C. Rs. 97.25
D. Rs. 97.5
Answer : Option B
Explanation :
4. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of
A. Rs. 3100
B. Rs. 6500
C. Rs. 6240
D. Rs. 9600
Answer : Option C
Explanation :
Market Value = Rs. 96.
Required Income = Rs. 650.
Here face value is not given. Take face value as Rs.100 if it is not given in the question
To obtain Rs.10 (ie,10% of the face value 100), investment = Rs.96
5. By investing in stock at 64, one earns Rs. 1500. The investment made is
A. Rs. 9600
B. Rs. 7500
C. Rs. 5640
D. Rs. 5760
Answer : Option D
Explanation :
Market Value = Rs.64
Face Value is not given and hence take it as Rs.100
of the face value = 50/3
ie, to earn 50/3, investment = Rs.64
Hence, to earn Rs.1500, investment needed =
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